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Res 03-100 RESOLUTION NO. 03- 100 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA DETERMINING THAT THE POWAY ROAD DISTRICT IDENTIFICATION PROGRAM IS OF BENEFIT TO THE PAGUAY REDEVELOPMENT PROJECT WHEREAS, the Poway Redevelopment Agency is authorized to carry out the redevelopment of the Poway Redevelopment Project Area; and WHEREAS, the Poway Redevelopment Agency, in partnership with the local business and residential community, has identified a need for additional district identification to mitigate existing problems with current traffic patterns and improve the economic viability of Poway Road; and WHEREAS, the additional district identification is proposed to be located within the Paguay Redevelopment Project Area and the improvements are necessary for the execution of the Project under the provisions of California Community Redevelopment Law (Health and Safety Code, Section 33000 et seq.) and pursuant to the Redevelopment Plan for the Project which was adopted on December 13, 1983, by Ordinance No. 117 of the City Council and amended on June 15, 1993, by Ordinance No. 415 of the City Council; and WHEREAS, Section 33445 of the California Health and Safety Code requires the City Council to determine that the project is of benefit to the Paguay Redevelopment Project and that no other reasonable means of financing are available to the City. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Po way as follows: Section 1. The City Council hereby determines that the Poway Road District Identification Program, which will provide needed signage for commercial districts on Poway Road, will be of benefit to the Paguay Redevelopment Project and the surrounding community in that the improvements are part of a phased project which will design and install new signage on Poway Road. Further, the project will meet goals listed in the Redevelopment Plan, as amended on June 15, 1993, and in the Redevelopment and Housing Implementation Plan, which includes the development and installation of traffic control devices and other public improvements that will strengthen the economic base of the Project Area and stimulate new commercial expansion, employment and economic growth in the Project Area. Section 2. The City Council further determines that no other reasonable means of financing the improvements are available to the community. Section 3. The City Clerk shall certify to the adoption of this Resolution. Resolution No. 03- 100 Page 2 PASSED, ADOPTED AND APPROVED, by the City Council ofthe City 0 Powayat a regular meeting this 2nd day of December, 2003. ATTEST: STATE OF CALIFORNIA ) ) SS COUNTY OF SAN DIEGO) I, Lori Anne Peoples, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 03-100 was duly adopted by the City Council at a meeting of said City Council held on the 2nd day of December, 2003, and that it was so adopted by the following vote: AYES: EMERY, GOLDBY, REXFORD, CAFAGNA NOES: NONE ABSTAIN: NONE ABSENT: HIGGINSON